Transitional job-work relief: returns of goods within the prescribed period avoid tax, subject to declaration and recovery rules. Transitional relief exempts tax on inputs, semi-finished goods or goods sent out for tests or processes and returned to the original place within the prescribed period after the appointed day; the Commissioner may grant a limited extension, but failure to return within the period triggers input tax credit recovery. The exemption requires the consignor and the job-worker to declare stocks held on the appointed day in the prescribed form, manner and time, and transfers to other registered persons for supply or export are permitted within the same transitional period under existing law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transitional job-work relief: returns of goods within the prescribed period avoid tax, subject to declaration and recovery rules.
Transitional relief exempts tax on inputs, semi-finished goods or goods sent out for tests or processes and returned to the original place within the prescribed period after the appointed day; the Commissioner may grant a limited extension, but failure to return within the period triggers input tax credit recovery. The exemption requires the consignor and the job-worker to declare stocks held on the appointed day in the prescribed form, manner and time, and transfers to other registered persons for supply or export are permitted within the same transitional period under existing law.
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